India, May 4 -- Listed fintech major Paytm's board on Saturday (May 4) approved the allotment of 87,373 stock options under its Employee Stock Option Plan (ESOP) 2019.

". The nomination and remuneration committee of the board of the Company, on May 4, 2024. approved the allotment of 87,373 equity shares having a face value of INR 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options under ESOP 2019," the company disclosed in a BSE filing.

With this, the company's share capital will now stand at INR 63,57,92,534. The fintech major has set the exercise price per share for stock options under its ESOP 2019 scheme at INR 9, a premium of INR 8 apiece.

This comes nearly a year after the fintech major earmarked ...